Policy Paper 85
 

How can the EU promote its economic interests with China?

Jonas Parello-Plesner, Senior Policy Fellow, European Centre for Foreign Relations (ECFR) and Agatha Kratz, Research Fellow for Asia Centre, for ECFR ? There are many areas in which the EU tries and wishes to promote its interests with a rising and increasingly powerful China. In the diplomatic field, for example, the EU has tried to include China on a number of fronts, with various degrees of success. Among these efforts are the EU’s attempt to involve China further in the resolution of the Syrian conflict, or the EU’s push for a firmer attitude from China on nuclear anti-proliferation, especially with regards to Iran and North Korea.
Nevertheless, as China and the EU grow increasingly dependent economically, economic interests have taken the lead, and are now central to EU action. At a time of economic hardship, especially in Europe, economic and financial issues matter more than ever, and Europe needs to redefine its strategy in order to promote its interests with China and ensure that both parties benefit from an increasingly close and diversified relationship.

|   12/03/2013             |   Agatha Kratz             |   Europe in the world
Policy Paper

This Policy
Paper is a contribution of Agatha Kratz and Jonas Parello-Plesner (ECFR), to the project Think Global – Act European (TGAE). Thinking strategically
about the EU’s external action
directed by Notre Europe –
Jacques Delors Institute
(report available in May 2013, dir. Elvire Fabry, Senior Research Fellow, Notre
Europe – Jacques Delors Institute).

There are many areas in which the EU tries and wishes
to promote its interests with a rising and increasingly powerful China. In the
diplomatic field, for example, the EU has tried to include China on a number of
fronts, with various degrees of success. Among these efforts are the EU’s
attempt to involve China further in the resolution of the Syrian conflict, or
the EU’s push for a firmer attitude from China on nuclear anti-proliferation,
especially with regards to Iran and North Korea.

Nevertheless, as China and the EU grow increasingly
dependent economically, economic interests have taken the lead, and are now
central to EU action. At a time of economic hardship, especially in Europe,
economic and financial issues matter more than ever, and Europe needs to
redefine its strategy in order to promote its interests with China and ensure
that both parties benefit from an increasingly close and diversified
relationship.

Before the publication of the final report presenting the key recommendations of the 16 think tanks involved in the project, 5 series of policy papers address the following key challenges: migration, EU neighbourhood, CSDP, strategic resources and economic policy .

This Policy Paper is part of the series entitled “Promoting EU economic interests abroad” which
includes contributions by John Springford (Centre for European
Reform), Richard Youngs (FRIDE), Pawel Swieboda (demosEuropa) , Daniela Schwarzer (SWP), Federico Steinberg (Elcano), Diego Valiante (CEPS),Yiannis Tirkides ( CCEIA), Filippa Chatzistavrou and Dimitris Katsikas (ELIAMEP).

Go to the other contributions of the economic policy series >>

This project is led with the contribution of